The Recycler
  • Katun Masthead Nov 2024
  • Ambiente 2025 Masthead
  • Biuromax Masthead web banner March 2024
  • G&G Masthead August 2024

Machine sharing – no capital commitment

August 21, 2019


A US-based start-up company has launched a service that enables machine-sharing between companies.

Asset Finance International calls the newly launched service the ‘Uber of the manufacturing equipment industry’, stating McPond launched the “machine-sharing platform to support circular economy”.

The platform is a digital peer-to-peer option through which business can rent out their idle manufacturing equipment to other businesses.

McPond is Chicago-based and offers the service US states including Ohio, Maryland, Florida, and Colorado. The platform enables business access to the equipment without the capital investment purchasing their own.

Asset Finance International describes opportunities through the platform as “giving temporary access to industrial manufacturing equipment can cut investment costs or increase production for companies, while asset owners with equipment sitting idle can earn passive income by listing their machines for rent”.

Talking to Asset Finance International, Rigved Raut Founder of McPond said: “Having had the opportunity to work in family-based manufacturing business for years, I realised that companies can make money from their idle machines. At the same time, we want to inspire companies and entrepreneurs who cannot justify or afford to invest in machinery.”

Seeing the potential growth as much as Uber’s, the company sees also a big potential in its circular economy approach. The model will see companies change to a new business model “where the life of assets is extended through greater utilisation, reuse and recycling”, the article explains.

Categories : Around the Industry

Tags : Circular economy Reuse USA

  • Apex Web ad Nov 2024
  • Ink Tank No Web advert
  • Cartridge Web Nov Web Banner
  • TN Core Nov Web advert
  • G&G web advert October 2024
  • IR Italiana Web ad January 2021
  • GM Technology Nov Web Ad
  • Static Control June 2022 Big & Bold Ad
  • Biuromax web banner July 2024
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024
  • Denner Feb 2024 Web Ad
  • denner UK Web Banner Jul 2024
  • ITP Web ad January 2021
  • PCL Nov Web advert
  • Mito Web banner June 2024
  • CET Web ad December 2023
  • ITP Web ad January 2021
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024
  • denner UK Web Banner Jul 2024
  • Mito Web banner June 2024
  • Denner Feb 2024 Web Ad
  • CET Web ad December 2023
  • PCL Nov Web advert
  • Denner Feb 2024 Web Ad
  • ITP Web ad January 2021
  • HYB Web banner Jan 2024
  • PCL Nov Web advert
  • denner UK Web Banner Jul 2024
  • Mito Web banner June 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark